Unfettered Capitalism Can Be Lethal

The Snake Bit Us By Frank Schiavone In the spring of 2000, a stock market bubble burst siphoning off roughly ten trillion dollars of wealth. That’s $33,000 for every person in the Nation. In response, the Federal Reserve slashed interest rates to historic new lows inundating the market with cheap credit. Our Calvinistic impulses long since forgotten, Americans went on a spending binge. (The...